	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Total Rental Income	£40,248	£40,852	£41,464	£42,501	£43,564	£208,629
Total Expenses	£41,526	£41,599	£41,670	£41,785	£41,901	£208,481
Profit Before Tax	£-1,278	£-747	£-206	£717	£1,662	£147
Profit After Tax	£-1,278	£-747	£-206	£693	£1,346	£-192
Change In Property Value	£12	£23,000	£41,055	£54,633	£38,061	£156,761
Net Return	£-1,267	£22,253	£40,849	£55,326	£39,407	£156,569
Return From Rental Income (%)	0%	0%	0%	0%	0%	0%
Total Net Return (%)	0%	6%	10%	14%	10%	39%